Copper scrap hit by slump in demand, weaker Comex

Nov 13, 2006 | 02:05 PM | Sean Barry

U.S. copper scrap prices have taken a hammering as demand for raw materials dries up and primary metal on the Comex division of the New York Mercantile Exchange weakens.

Interest from Chinese consumers, the largest buyers of scrap during the past two years, continues to be marginal, and a lack of business activity overseas has been one of the main drivers behind a rise in stock levels, traders said.....

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